BlackRock Enters DeFi: Tokenized Treasury Fund Goes Live on Euler

BlackRock is entering DeFi. Its tokenized U.S. Treasury fund, BUIDL, can now be used as collateral on Euler Finance, a decentralized lending protocol running on Avalanche. BlackRock Goes Live on Avalanche via Euler BlackRock has taken its first step into DeFi by allowing its tokenized Treasury fund, BUIDL, to be used as collateral on the Euler lending platform, built on the Avalanche blockchain. The move enables users to lock up sBUIDL, a digital, fully redeemable version of the BUIDL fund backed by short-term U.S. Treasuries, as collateral to borrow stablecoins like USDC and AUSD. Borrowers will continue to earn

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